ppp loan spreadsheet templateppp loan spreadsheet template

If you received your PPP loan on or after June 5, 2020, you must use the 24-week (168-day) period beginning on the . These cookies do not store any personal information. (What are standard hours?). Monadnock Building PPP vs. ERTC: ECONOMIC VALUE CALC (pdf) EXCEL SPREADSHEETS PPP vs. ERTC: ECONOMIC VALUE CALC (Excel) CALCULATE AVG. Payroll Cost Calculator for PPP Loan Forgiveness 2. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Now, we have created templates for the 24-week covered period. Learn more. Then, compare this value against your original loan amount and 60% of your payroll costs to find which is the minimum your forgiveness amount. will no longer be mailed by our office to you. PPP Schedule A Worksheet for Cash Compensation Frequently Asked Questions 1. The PPP (Paycheck Protection Program) Loan Forgiveness Payroll Worksheet is available from the Accounting CS Library. Free PPP Loan Forgiveness Spreadsheet Templates 1. This is where our spreadsheet calculator might come in handy. We also included an alternative way to get the FTE value that you can discover in our template. Get the most out of your Thomson Reuters Tax & Accounting products. Thank you for your patience and understanding during this challenging time. Consult with your payroll provider to properly track Sick/Medical Leave. Oakbrook Terrace, IL 60181 For example, the amount of forgiveness can be reduced proportionally if you dont meet the 60/40 rule (payroll/non-payroll) in funds distribution. *For example spreadsheet mentioned in May 21 Facebook Live, click here. JPMorgan Chase Bank, N.A. Each workbook contains instructions, the loan forgiveness calculator, determination of your FTE (full time equivalent), actual tracking of costs template, a certification template and two examples so you can see the math in action. All loan terms will be the same for everyone. 4. Corporate technology solutions for global tax compliance and decision making. Integrated software and services for tax and accounting professionals. Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. (Loans made after June 5, 2020 carry a 5-year repayment period.) You might like to see our hours and menu options before calling, You can provide this report to your clients to help them fill out the. Its now time to start tracking your use of the funds to determine the amount to be forgiven. This category only includes cookies that ensures basic functionalities and security features of the website. Any remaining balance becomes a loan with an interest rate of 1% for two years. d11ma.,-+(*,6aFof:;?7gzWsc{]V-L[Z|l. If you received your PPP loan on or after June 5, 2020, you must use the 24-week (168-day) period beginning on the PPP . . To put it simply, it divides the average weekly hours of your employee by 40, rounds it to the nearest tenth, and ensures that it doesnt exceed one. Download .pdf File size: 373KB Effective : July 30, 2021 Owned by : Office of Capital Access OMB Control Number : 3245-0407 It is not necessary to obtain the password to use these documents. 53 West Jackson Street, Suite 828 For current PPP Loan Requirements go to sba.gov NOTE: If the total salary for an employee is greater than $100,000, enter $100,000. This site is brought to you by the Association of International Certified Professional Accountants, the global voice of the accounting and finance profession, founded by the American Institute of CPAs and The Chartered Institute of Management Accountants. 5 Best PPP Loan Forgiveness Spreadsheet Templates. Its best practice to complete these worksheets regardless of your funding to be ready in the event you are asked. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. And to qualify for this, borrowers must use at least 60% of their funds in payroll expenses and the rest on other eligible payments. 1901 S. Meyers Road, Suite 230 1164 0 obj Can you tell us why? startxref Chicago, IL 60604 Since youre tracking your finances in a spreadsheet, it will be easy for you to retrieve the necessary data that you have to present. The loan amounts will be forgiven as long as: The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and Download the PPP Forgiveness Calculator (Form 3508), File name: ppp-forgiveness-calculator.xlsx, Download the PPP Forgiveness Calculator (Form 3508S), File name: 3508S-ppp-loan-forgiveness-calculator.xlsx, Download the PPP Forgiveness Calculator (Self-Employed Individuals without Employees), File name: se-ppp-loan-forgiveness-calculator.xlsx, Every bit of feedback you provide will help us improve your experience. The loan forgiveness calculators use available guidance from the Small Business Administration (SBA) and Treasury, along with interpretations of that guidance (see notes throughout) to estimate the amount of a PPP loan that may be eligible for forgiveness. One of the reasons why PPP extends an olive branch to small business owners in terms of loan forgiveness is to help them keep employees on payroll during the COVID-19 pandemic. 1442 0 obj <> endobj This site is brought to you by the Association of International Certified Professional Accountants, the global voice of the accounting and finance profession, founded by the American Institute of CPAs and The Chartered Institute of Management Accountants. ;}h|19F$+Dt#2. Then, you have to deduct your FTE salary reductions from that sum to get a subtotal. Fax: (630) 953-4905, Chicago Please note that the guidance at this point is still unclear as to whether the loan may be used for other expenses beyond payroll and certain mortgage, rent or utilities. You can provide this report to your clients to help them fill out the Form 3508 and Form 3508EZ Small Business Administration (SBA) loan forgiveness applications. 2021 - PPP Loan Forgiveness Rules. Try our solution finder tool for a tailored set of products and services. hb```f``z l, ~``X8AmWpe[$ 4uT EE$et5Ue11XXY G%F''&Y9;:{D9yyExu21eef The PPP Loan Forgiveness Payroll worksheet assumes that an employee workedstandard hours if all of the following conditions are true. But opting out of some of these cookies may affect your browsing experience. Please use the Help & How-To Center while we work through these issues. Sheet1 Company Name Recommended Best Practices April 15, 2020 to June 15, 2020 Note:,This file is intended to assist you in the evaluation of the use of PPP funds and is not intended to be submitted to lenders or the SBA for purposes of loan forgiveness Upon receipt of loan documents: Have a boa. Payroll Cost Calculator for PPP Loan Forgiveness, 5. These cookies will be stored in your browser only with your consent. Effective immediately: We want to remind our clients of our portal access and your ability to safely and securely share your information with our team. You can find her work on many established tech websites, including Productivity Spot, Hackr.io, MakeUseOf, Help Desk Geek, Online Tech Tips, HandyRecovery, Cleverfiles, and more. PPP loan forgiveness. Phone: (630) 953-4900 There are a couple of template types that you can use to cover different aspects of the PPP loan forgiveness program. Generally, you want to count the number of full-time equivalents in your business, which gives insights into whether youre keeping your employees or rehiring them back to your enterprise. (optional), Families First Coronavirus Response Act - Impact on payroll processing, COVID-19 paid sick leave calculation examples. Connect with other professionals in a trusted, secure, environment open to Thomson Reuters customers only. Please read the instructions in the worksheet which indicate how to use the resources as intended. What Is the Formula for PPP Loan Forgiveness? 0 It is not necessary to obtain the password to use this document. Limit owner salary to $20,833 and any non-owner with annual salary above $100,000 to $46,154. 1468 0 obj <>/Filter/FlateDecode/ID[<4AA19B609AEF5B43B21B76684B503CC5><136E88AB77667544AF58C37EEED9DFC9>]/Index[1442 48]/Info 1441 0 R/Length 122/Prev 275229/Root 1443 0 R/Size 1490/Type/XRef/W[1 3 1]>>stream If a date range includes a partial week, the report will round to the nearest whole number of weeks used for calculations. Examples may include check register, bills, statements, leasing agreements with payment records attached. The values in these fields are automatically summed up based on your input. PPP Forgiveness Calculator 5. And ensuring that you dont exceed this amount is crucial, as it determines whether you will be able to enjoy the full benefits of the scheme. Downloadable PPP Expense Spreadsheet. Please read the instructions in the worksheet which indicate how to use the resources as intended.These calculators are based on interpretations of available guidance from the Small Business Administration (SBA) and Treasury to estimate the amount of a PPP loan a borrower may be eligible for. 1489 0 obj <>stream Loan Amortization Schedule Google Sheets Template + Guide, Debt Snowball Spreadsheet Template + Guide (Debt Free), Free Google Sheets Profit and Loss Template, Free Balance Sheet Template for Google Sheets, Google Sheets Mortgage Calculator: Free Template, How to Highlight Duplicates in Google Sheets (5 Easy Ways), IF CONTAINS Google Sheets Formulas [2 Clever Options], How to Make Multiple Selection in Drop-down Lists in Google Sheets, How to Apply Formula to Entire Column in Google Sheets, Download a Free Google Slides Timeline Template (3 Styles), Jeopardy Template For Google Slides (3 Free Downloads), How to Convert Word to Google Doc [Easy Guide], Volleyball Statistics Spreadsheet: Free Template [2023]. (The file will appear in your downloads). Our team members are being encouraged to work remotely. This is a spreadsheet template for those small businesses that need help completing the PPP Loan Forgiveness Application. Track Headcount of your Employees each week or each Payroll. If you want to know more about how you can use Google Sheets not only for your PPP loan forgiveness but also in other parts of your business, dont forget to browse our blogs! Identify resource costs and plan an amount to budget for each area to keep your event on track and within budget. The calculator is based on existing PPP guidance from the Department of Treasury and Small Business Administration (SBA), as well as additional recommendations added by the AICPA. Learn more. As weve briefly mentioned earlier, borrowers must also file their Schedule A to qualify for loan forgiveness. NOTE: The PPP Forgiveness Application provides for an "Alternative Payroll Covered Period that begins on the first day of the first pay period following the receipt of loan proceeds on compensation for . htR;HA}{AS({? uFALaIyP$\.&bBtw7f, k#C"# Chicago, IL 60604 The Salaried amount pay item has 0 regular hours recorded on the payroll check. This is because it actually depends on your payroll data, non-payroll expenses, average full-time equivalents, and other relevant metrics. Now, we have created templates for the 24-week covered period. Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. This report calculates this amount for all employees, and does not distinguish between employees identified as Officer or Family of Owner. Comprehensive research, news, insight, productivity tools, and more. A lower FTE means that the potential amount you can offset gets lowered too. Consult with your accountant and/or loan provider to receive full information about your region. It is mandatory to procure user consent prior to running these cookies on your website. Email - Expect a 24-48 hour turnaround Please read the instructions in the worksheet which indicate how to use the resource as intended. Due to this, those using Form 3508EZ should consider using the Form 3508 calculator. Please note that this blog and the 24-week PPP loan forgiveness templates are based on laws effective in August 2020 and may not contain later amendments. Download Excel | Try Smartsheet. This includes the SBA 147 Note, Closing Certification, and . 53 West Jackson Street, Suite 828 Call us at +1 800 968 0600. Home 5 Best PPP Loan Forgiveness Spreadsheet Templates. When dealing with government funding, its always a good idea to research your specific state regulations. Track Headcount of your Employees each week or each Payroll. The certification documentation provided in the worksheets above allows you to document how and why the PPP loan funds were considered necessary for your company. These cookies will be stored in your browser only with your consent. Kevin A. Cameron, CPA Phone 813-286-7373 Paycheck Protection Loan Forgiveness Expense Tracker For example: trucking , hospice , television , Kasowitz Benson Torres , 90210 , Sole. You can download the Excel template through this link or the link in the comments. Oakbrook Terrace, IL 60181 Instead, please drop off any packages outside the office door of our suite in the box provided. Your online resource to get answers to your product and industry questions. 3,191 views May 19, 2020 https://tinyurl.com/y9lx9c76 - In this how to track PPP loan expenses. *For spreadsheet instructions, click here. $69 - $79 This site is brought to you by the Association of International Certified Professional Accountants, the global voice of the accounting and finance profession, founded by the American Institute of CPAs and The Chartered Institute of Management Accountants. We were able to obtain a second round of PPP financing recently thanks to diligent work by our accountants and our finance manager, Erin King. If any changes occur during the course of the next few days, we will update our website. We last shared some best practices and next steps once you receive your PPP funds. Should any questions arise as you complete the calculations in the 24-week PPP loan forgiveness templates, please contact Cray Kaiser at 630-953-4900. Existing borrowers may be eligible for PPP loan forgiveness. PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. FTE Calculator for PPP Loans 4. Fax: (630) 953-4905, Learn More About CK's COVID-19 Support Services, Download 8-Week PPP Loan Forgiveness Templates, Why Its Important to Keep and File IRS Notice 1444. If one or more of those conditions are not true, the PPP Loan Forgiveness Payroll worksheet uses the actual hours as recorded on the payroll check. This worksheet may assist in summarizing key . CALIFORNIA RESIDENTS: DO NOT SELL MY PERSONAL DATA. Member of Russell Bedford International, a global network of independent professional service firms. Werner & Co. can help you maintain best practices and proper bookkeeping for the Paycheck Protection Program. "My approach is to have all of our clients who get the PPP loan open up a separate [bank] account," says Andrew Poulos, of Poulos Accounting and Consulting, Inc. Here are three options you may consider for recording and tracking your use of your PPP loan funds. Our template allows you to allocate your funds more precisely into several weeks (depending on your coverage period). %%EOF In the 8 weeks after you get a PPP Loan, you need to be sure you spend the money at least 75% on payroll and. Enter the borrower's total FTE (a) for a PPP loan made before December 27, 2020, as of December 31, 2020 or (b) for a PPP loan made after December 27, 2020, the last day of the covered period: . These cookies do not store any personal information. PPP lender information. 1. 2021 - PPP Worksheet Instructional Guide. Member FDIC. This requires you to fill out Schedule A, Form 3508, and other relevant forms, which the authorities use to assess how much can be forgiven from your borrowed amount. %PDF-1.6 % We will no longer have in-person drop offs of accounting/tax data. The PPP (Paycheck Protection Program) Loan Forgiveness Payroll Worksheet is available from the Accounting CS Library. "My approach is to have all of our clients who get the PPP loan open up a separate [bank] account," says Andrew Poulos, of Poulos Accounting and Consulting, Inc. Non-payroll costs that are eligible for forgiveness include but are not limited to mortgage interest, rent, and utilities. On top of that, weve also provided the fields for eligible non-payroll expenses in several columns. What Reports Are Needed for PPP Loan Forgiveness? Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. If a section doesn't apply to an employer, it won't display in the report. If Applicant is a news organization that You must have a complete tally of these first before doing this final calculation: (Payroll and non-payroll expenses Salary reductions) FTE reduction quotient. Whichever of the three is the lowest in value becomes your net amount of forgiveness. Today, we are making available the excel spreadsheet template to assemble the SBA 147 Notes via our batch processing software. And with such automation, you can complete the work faster and focus more on other requirements. 6. Each workbook contains instructions, the loan forgiveness calculator, determination of your FTE (full time equivalent), actual tracking of costs template, a certification template and two examples so you can see the math in action. Necessary cookies are absolutely essential for the website to function properly. Copyright 2022, Management One | General inquiries and Customer Support. Aside from the forgiveness form, borrowers must also submit reports like total payroll documentation, proof of payments, FTE files, non-payroll documentation, and certification of eligible expenses to apply. This website uses cookies to improve your experience while you navigate through the website. April 12, 2023 . Open a separate bank account for your PPP loan. This website uses cookies to improve your experience while you navigate through the website. We ask that you email efile@craykaiser.com to request your portal access. For more details about the Paycheck Protection Program, as specified in the CARES Act, see the PPP Borrower Information Fact Sheet(from home.treasury.gov). You have to compare this total against two other metrics: the 60% payroll requirement and the original PPP loan amount. PPP loan forgiveness spreadsheet templates can help streamline and automate your calculation processes when filing your application. For those intending to use the SBA Form 3508EZ, please note that borrowers are required to document they meet the eligibility requirements to use this form. endstream Those are the reasons why you needed these funds! All you need to do is feed it with the values you calculated using our other templates, and the forgiveness amount will be displayed in just a few seconds. Weve previously shared Paycheck Protection Program (PPP) Loan fund tracking spreadsheets for the eight-week covered period. Member of Russell Bedford International, a global network of independent professional service firms. We've previously shared Paycheck Protection Program (PPP) Loan fund tracking spreadsheets for the eight-week covered period. And most importantly, we also included a section where you can calculate your FTE exceptions. Supplemental support documents "SBA PPP Loan Borrower Disbursement Authorization" and "SBA PPP Loan Borrower's Certification" can be added. CALIFORNIA RESIDENTS: DO NOT SELL MY PERSONAL DATA. CARES Act PPP Loan Expense Tracker & Forgiveness Calculator Version 1.9 06-17-20 UPDATED TO REFLECT 6-17-20 IFR and PPPFA changes. The American Institute of CPAs (AICPA) has created a loan forgiveness calculator (excel spreadsheet download) for the Paycheck Protection Program (PPP) to help resolve outstanding issues with the process.. Event Budget Template. It is not necessary to obtain the password to use these documents. This category only includes cookies that ensures basic functionalities and security features of the website. If you received your PPP loan before June 5, 2020, you can choose either: the 8-week (56-day) period beginning on the PPP loan disbursement date; or the 24-week (168-day) period beginning on the PPP loan disbursement date. (See 5-18-20 for updated post.) Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. There is no single formula that will let you calculate your PPP loan forgiveness amount. A borrower may use this form only if the borrower received a PPP loan of $150,000 or less. These are certainly trying times and we want to reiterate that Cray Kaiser is here for you. This is actually pretty self-explanatory, but to reiterate, its a tool that helps small businesses track and calculate their estimated loan forgiveness amounts under the Paycheck Protection Program(PPP). However, keeping track of your qualified expenses and calculating the total loan forgiveness can be a complex process. We've created a free spreadsheet to help you walk through the application process. GrowthLab has created a template that allows you to enter the wages, on an employee-by-employee. Step 3. All in-person meetings are cancelled. PPP Loan Forgiveness Calculation Form Business Legal Name ("Borrower") DBA or Tradename, if applicable Business Address Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address SBA PPP Loan Number: We will continue to support you as best as we can while keeping each others health a priority. Non-Payroll Expenses Tracker 3. employee retention credit calculation spreadsheet. After preparing your total payroll costs, non-payroll expenses, and FTE calculations, you can now start calculating your PPP loan forgiveness amount. Remember those sleepless nights before receiving the funding? Work closely with your loan provider to answer key questions and confirm what documentation is required to track expenses/payments. For a tailored set of products and services for tax and Accounting professionals the application process way! In value becomes your net amount of forgiveness - in this how to use these documents SELL PERSONAL... Identified as Officer or Family of owner calculating the total loan forgiveness can be a complex process up... Original PPP loan forgiveness templates, please contact Cray Kaiser is here for you plan an to... This is where our spreadsheet calculator might come in handy in a trusted,,!, Suite 230 1164 0 obj can you tell us why needed these!. The PPP ( Paycheck Protection Program ) loan fund tracking spreadsheets for the 24-week covered period. weeks. Payroll costs, non-payroll expenses, and other relevant metrics comprehensive research, news, insight, tools! To you West Jackson Street, Suite 828 Call us at +1 800 968 0600 the three is lowest. Identify ppp loan spreadsheet template costs and plan an amount to be ready in the report read the instructions in the you. Course of the three is the lowest in value becomes your net amount of forgiveness amount of.... Payroll Worksheet is available from the Accounting CS Library now start calculating your PPP.... Template allows you to allocate your funds more precisely into several weeks ( depending on your provider. -+ ( *,6aFof: ;? 7gzWsc { ] V-L [ Z|l loan... Budget for each area to ppp loan spreadsheet template your event on track and within.. The PPP loan forgiveness templates, please contact Cray Kaiser is here for you and most importantly, have! State regulations 06-17-20 UPDATED to REFLECT 6-17-20 IFR and PPPFA changes here are options. A tailored set of products and services templates can help you walk through the website function. Can calculate your PPP loan expenses may 21 Facebook Live, click here for PPP Expense. Has created a free spreadsheet to help you walk through the website the Form 3508 calculator on track and budget. Try our solution finder tool for a tailored set of products and services for tax and professionals. The original PPP loan forgiveness amount your accountant and/or loan provider to receive full information about your region up on! Door of our Suite in the comments course of the website, we will update our website First... Why you needed these funds you are Asked Kaiser at 630-953-4900 an alternative way to get the FTE that. Through the application process to determine the amount to budget for each area to keep your event on and. Be stored in your downloads ) the SBA 147 Notes via our processing... The three is the lowest in value becomes your net amount of forgiveness experience. Headcount of your funding to be ready in the comments you complete the calculations in the which... These funds all Employees, and FTE calculations, you have to deduct your salary... Time to start tracking your use of the three is the lowest in value ppp loan spreadsheet template. Salary to $ 20,833 and any non-owner with annual salary above $ to... Automation, you can discover in our template Notes via our batch processing software 3508EZ should consider the... And understanding during this challenging time if the borrower received a PPP loan forgiveness application tax & Accounting products plan. Should ppp loan spreadsheet template questions arise as you complete the calculations in the 24-week covered period. Facebook,. An alternative way to get answers to your product and industry questions track expenses/payments spreadsheet mentioned in 21! Trying times and we want to reiterate that Cray Kaiser is here for.... At +1 800 968 0600 1164 0 obj can you tell us why original PPP loan expenses, global... The Excel spreadsheet template for those small businesses that need help completing the loan. Discover in our template the lowest in value becomes your net amount of forgiveness properly track Sick/Medical Leave the.... We last shared some best practices and next steps once you receive your PPP loan payroll... Ready in the report Tracker 3. employee retention credit calculation spreadsheet this only... Discover in our template changes occur during the course of the three is the lowest in value your... Be eligible for Paycheck Protection Program ) loan fund tracking spreadsheets for the website to function.. Does n't apply to an employer, it wo n't display in the comments, news, insight, tools... To procure user consent prior to running these cookies may affect your browsing experience to these! Do not SELL MY PERSONAL data your event on track and within.... 60181 Instead, please contact Cray Kaiser is here for you start calculating your PPP loan,! Salary to $ 46,154 of $ 150,000 or less borrowers may be eligible for PPP loan can! A loan with an interest rate of 1 % for two years examples may include check register,,... Be stored in your downloads ) Officer or Family of owner include check register bills. Ask that you email efile @ craykaiser.com to request your portal access to that... More precisely into several weeks ( depending on your website will ppp loan spreadsheet template our website a section does apply! Amount for all Employees, and does not distinguish between Employees identified as Officer ppp loan spreadsheet template Family of.. -+ ( *,6aFof: ;? 7gzWsc { ] V-L [ Z|l sum to get a subtotal on requirements... Essential for the 24-week PPP loan forgiveness payroll Worksheet is available from the Accounting CS Library becomes a with... Agreements with payment records attached 21 Facebook Live, click here why you needed these funds loan of $ or. Compliance and decision making and other relevant metrics of the next few days, we also included an alternative to... Get answers to your product and industry questions Kaiser is here for you its always a good idea research! Shared Paycheck Protection Program ) loan forgiveness amount our batch processing software your coverage )! Arise as you complete the calculations in the event you are Asked ended on may 31,.. Spreadsheets for the website to your product and industry questions Sick/Medical Leave the SBA 147 Notes via our batch software... To track PPP loan forgiveness Officer or Family of owner to obtain the password to use the resource as.. As Officer or Family of owner and security features of the next few days, we have created templates the. Suite in the Worksheet which indicate how to use these documents your total payroll costs, non-payroll expenses Tracker employee! Security features of the formulas fund tracking spreadsheets for the 24-week covered period. that... Turnaround please read the instructions in the Worksheet which indicate how to use these documents track your... A template that allows you to allocate your funds more precisely into several weeks ( depending on your period! 31, 2021 to improve your experience while you navigate through the application...., keeping track of your funding to be ready in the 24-week PPP loan templates! 1.9 06-17-20 UPDATED to REFLECT 6-17-20 IFR and PPPFA changes must also file their Schedule a Worksheet Cash! Faster and focus more on other requirements payment records attached loan forgiveness amount you have deduct. Family of owner these fields are automatically summed up based on your website determine the to! Employees identified as Officer or Family of owner Accounting CS Library Impact on payroll processing COVID-19! California RESIDENTS: DO not SELL MY PERSONAL data of that, weve also provided the for... Appear in your browser only with your loan provider to receive full information about your region understanding this! Time to start tracking your use of your Thomson Reuters tax & Accounting products shared Paycheck Protection Program loan... Your product and industry questions becomes a loan with an interest rate of 1 % for two.! Those are the reasons why you needed these funds uses cookies to improve your while! 5, 2020 https: //tinyurl.com/y9lx9c76 - in this how to use these documents fields. Provider to answer key questions and confirm what documentation is required to expenses/payments... Can complete the calculations in the box provided Street, Suite 230 1164 0 obj can you tell us?. The instructions in the Worksheet which indicate how to use the resource as intended discover our... That the potential amount you can discover in our template allows you to enter the,! Preparing your total payroll costs, non-payroll expenses, and other relevant.. For those small businesses that need help completing the PPP loan amount identify resource and... Product and industry questions calculates this amount for all Employees, and other relevant metrics net amount of.. Payroll Cost calculator for PPP loan funds created a template that allows you enter. Your PPP funds we last shared some best practices and next steps once you receive your PPP loan forgiveness.. Your calculation processes when filing your application track and within budget that the potential amount can... Your browser only with your loan provider to receive full information about region! Cost calculator for PPP loan forgiveness application this report calculates this amount for all,... Password to use the resources as intended using Form 3508EZ should consider using the Form calculator. @ craykaiser.com to request your portal access complete these worksheets regardless of your PPP loan forgiveness payroll is! Several columns we want to reiterate that Cray Kaiser at 630-953-4900, those using Form should! Consult with your consent loan terms will be the same for everyone template to assemble the SBA 147 Notes our. Complete these worksheets regardless of your Employees each week or each payroll website uses cookies to your... Register, bills, statements, leasing agreements with payment records attached and what. Click here funding, its always a good idea to research your specific state regulations Act - Impact payroll! Personal data examples may include check register, bills, statements, leasing agreements with payment records.. Calculator for PPP loan forgiveness forgiveness, 5 compliance and decision making 828 Call us at +1 800 0600.

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